How Populism and Protectionism Are Reshaping The Global Economy?

As the world retreats from globalization, rising protectionism and fractured trade relations threaten to redefine the future of economic growth

Image Credit: ChatGPT

The story of global growth over the past seven decades is one of ambition, triumph, and, more recently, retreat. From the devastation of World War II emerged a vision of an interconnected world where national economies would merge into a unified system, driving unprecedented expansion. Between 1945 and the 2008 Global Financial Crisis (GFC), cross-border trade flourished, propelled by lower tariffs, advances in transportation, and the rise of global institutions like the International Monetary Fund (IMF) and the World Trade Organization (WTO).